Crypto.com, an open-source blockchain ecosystem, has entered into a partnership with Aston Martin Cognizant Formula One. According to a press release, the cryptocurrency company signed a multi-year deal with a British manufacturer of luxury sports cars.
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While the terms of the deal remain unknown, Aston Martin F1's Commercial Managing Director, Jefferson Slack, told Insider that the sports cars' manufacturer wants to collaborate with Crypto.com on the non-fungible tokens (NFT) market.
"There's things called NFTs, which is where we want to push this, there's payment systems. We want to be with Crypto.com to understand this space," Slack added.
Earlier, Crypto.com announced a massive burn of 70 billion CRO tokens as a way to create a fully decentralized, open-source, public chain with high speed and low fees. The company first burned 59.6 billion on February 22, 2021. Later, Crypto.com will burn a total of 10.4 billion that is currently locked in a smart contract on a monthly basis. The company says this burn will help to increase the circulating supply of CRO "from current 24% to over 80%."
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